Eurozone Reform – a View from China

Summary:

The latest push for eurozone reform by Germany and France once again the caught attention of political observers. After long negotiations, Berlin and Paris agreed to establish a common eurozone budget starting in 2021. This goal is a key element of the so-called “Meseberg Declaration”, published by both governments on the 19th of June 2018. As China and the EU are each other’s largest sources of import and major export markets, Beijing keeps a watchful eye on the economic stability of the Euro area.

The article analyses the substance and prospects that the budget proposal has and its implications for China.

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